Meat: Slight improvement in China's average import value in March

Published 2024년 4월 26일

Tridge summary

In March, China imported 243,121 tons of beef, marking an increase from February but falling short of the January record. The average import value of frozen boneless meat, which constituted 80% of total imports, rose to US$5,080 per ton, largely due to a higher average price from countries like the United States, Australia, and New Zealand. While Brazil's imports experienced a slight decrease, there was an increase in arrivals from Argentina and Uruguay. Oceania also saw an uptick in beef exports to China, with Australia and New Zealand reaching 22,000 tons and 18,000 tons respectively. Overall, the first quarter of the year witnessed a 22% increase in beef volume import year-over-year, although the average value dropped by 10%.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

243,121 tons of beef arrived in China in March, 16 thousand tons more than in February, but below the record of more than 300 thousand tons in January, according to information from the GACC The average import value of frozen boneless meat (80% of the total) increased about US$/t 100 monthly to US$/t 5,080. The increase was due to a greater relative participation of origins that sell at a higher average price (United States, Australia, New Zealand); Imports from Brazil maintain a stable average value slightly above US$/t 4,600. In March, 96.8 thousand tons of frozen boneless meat arrived from Brazil, 2 thousand tons less than in February. This drop was offset by an increase in what arrived from Argentina, 55 thousand tons, with a monthly growth of 8 thousand tons. In turn, 24 thousand tons of Uruguayan meat arrived, with a monthly decrease of 4 thousand tons. The income of meat from Oceania increased, both from ...

Source: Defrentealcampo